StanChart Eyes Nearly 1,000 New GBA Jobs

Mar 10, 2021Updated May 15, 20251 min read

Standard Chartered unveiled growth targets for its Greater Bay Area business, including the addition of nearly 1,000 new jobs.

The Asia-focused British lender will grow its Greater Bay Area (GBA) headcount from 1,4000 now to 2,500 in 2023, according to its chief for the 11-city cluster Anthony Lin.

The expansion includes a $40 million investment in a Guangzhou-based center that will house more than 1,600 employees by 2023, Lin said during a recent online media briefing.

The headcount expansion will help Standard Chartered meet its aims to double its income from the GBA business over the next five years.

Areas of focus include retail banking, corporate banking and, most notably, wealth management.

Major lenders in Hong Kong are readying to make their inroads into the GBA market with the Wealth Management Connect being the most notable upcoming cross-border scheme.

Tags

About the author

Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

Asia's retail intelligence, in your inbox